Finance & economics | Buttonwood
The investment- management industry faces a big squeeze
It is likely to lead to further consolidation
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/sites/default/files/images/print-edition/20170513_FND001_0.jpg)
MAKING money yourself from investing other people’s has been a good business for over a century. Asset managers established a key principle early on: they could charge an ad valorem fee on the amount they oversee. So when markets go up, their fees go up.
This article appeared in the Finance & economics section of the print edition under the headline “The big squeeze”
Finance & economics May 13th 2017
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- The investment- management industry faces a big squeeze
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